UAE fuel prices drop for November

Abu Dhabi: The Ministry of Energy has announced new petrol prices for November.

The fuel prices per litre are Super 98 at Dh1.81, Special 95 at Dh1.70, E Plus-91 at Dh1.63 and diesel at Dh1.87.

The prices, lower than those in October, will come into effect on November 1.

In July, the Ministry of Energy announced that fuel prices would be deregulated and a new pricing policy linked to global prices would be adopted.

Following the decision, petrol prices increased by more than 20 per cent and diesel prices reduced by 29 per cent for the month of August. For September, the fuel prices dropped by more than 8 per cent as the global oil prices plunged due to over-production and weak demand.

Petrol prices for October were Super 98 at Dh1.90, Special 95 at Dh1.79 and E Plus-91 at Dh1.72. Diesel prices were fixed at Dh1.89 per litre.